Bekanntmachung • May 04
Vanadium Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Vanadium Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 41,500,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,500,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Michael Davy was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Bekanntmachung • Oct 10
Vanadium Resources Limited, Annual General Meeting, Nov 27, 2025 Vanadium Resources Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Michael Davy was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Bekanntmachung • Jul 25
Vanadium Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million. Vanadium Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,363,636
Price\Range: AUD 0.033
Discount Per Security: AUD 0.00198
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Bekanntmachung • Feb 13
Vanadium Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1667. Vanadium Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1667.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,666,667
Price\Range: AUD 0.001
Transaction Features: Subsequent Direct Listing Bekanntmachung • Oct 08
Vanadium Resources Limited, Annual General Meeting, Nov 28, 2024 Vanadium Resources Limited, Annual General Meeting, Nov 28, 2024. New Risk • Jun 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Market cap is less than US$100m (AU$37.0m market cap, or US$24.6m). Bekanntmachung • Apr 28
Vanadium Resources Limited, Annual General Meeting, May 29, 2024 Vanadium Resources Limited, Annual General Meeting, May 29, 2024, at 15:00 W. Australia Standard Time. Location: 108 Outram Street, West Perth, 6005 West Perth Australia Agenda: To consider issue of performance rights to John Ciganek; to consider issue of performance rights to Jurie Wessels; to consider issue of performance rights to Michael Davy. New Risk • Mar 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Revenue is less than US$1m (AU$56k revenue, or US$37k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$20.7m market cap, or US$13.7m). Bekanntmachung • Nov 17
Vanadium Resources Limited (ASX:VR8) completed the acquisition of SPD Vanadium Project from Math-Pin Trust. Vanadium Resources Limited (ASX:VR8) executed conditional sale and option agreements to acquire 4.59% stake in SPD Vanadium Project from Math-Pin Trust for ZAR 0.003 million on May 3, 2023. As per terms, Vanadium Resources will pay a combination of cash consideration of ZAR 2,930 and 8,092,810 Share Options in VR8, in return for 293 shares in VanRes. Math-Pin has the right to exercise their Share Options within 30 days, which will then convert into New VR8 fully paid ordinary shares and will represent a 1.60% relevant interest in VR8 based on the current issued shares of VR8. In related transaction, Vanadium Resources executed conditional sale and option agreements to acquire unknown minority stake in SPD Vanadium Project from Obeec (Pty) Ltd for ZAR 0.006 million. Collectively, the Vendors hold a 12.54% interest in SPD Vanadium Project. On completion of the acquisition, VR8 will increase its interest in SPD Vanadium Project to 86.49% and the Steelpoortdrift Development Trust will hold an interest of 13.51% of SPD Vanadium Project. The combined interest of the Transactions represents a total interest in VR8 of 4.37% based on the current issued shares of VR8. VR8, in its discretion, confirming that it is satisfied with the ownership position of VanRes once the respective acquisitions have been implemented; Voluntary Restriction Deeds having been executed between VR8 the Vendors providing for 12-month escrow and block trade provisions in relation to VR8 shares acquired in terms of the Share and Option Agreements; consent and waiver notices being received with respect to rights and obligations in terms of an existing shareholders’ agreement prevalent to VanRes; to the extent required, approval of the transaction and transfer of the VanRes Shares held by the Vendor to VR8 by the South African Reserve Bank (SARB); and to the extent required, the Minister of Mineral Resources and Energy of the Republic of South Africa consenting in writing, either unconditionally or on terms and conditions acceptable to VR8. The conditions are to be satisfied or waived by no later than 23 October 2023. VR8 has the right to waive fulfilment of all conditions, except for the approval by the SARB.Vanadium Resources Limited (ASX:VR8) completed the acquisition of SPD Vanadium Project from Math-Pin Trust on November 15, 2023. Bekanntmachung • Oct 20
Vanadium Resources Limited (ASX:VR8) completed the acquisition of 7.95% stake in SPD Vanadium Project from Obeec (Pty) Ltd. Vanadium Resources Limited (ASX:VR8) executed conditional sale and option agreements to acquire 7.95% stake in SPD Vanadium Project from Obeec (Pty) Ltd for ZAR 0.006 million on May 3, 2023. As per terms, Vanadium Resources will pay a combination of cash consideration of ZAR 5,800 and 14,031,220 Share Options in VR8, in return for 508 shares in SPD Vanadium Project. Obeec has the right to exercise their Share Options within 30 days, which will then convert into New VR8 fully paid ordinary shares and will represent a 2.77% interest in VR8 based on the current issued shares of VR8. In related transaction, Vanadium Resources executed conditional sale and option agreements to acquire 4.59% stake in SPD Vanadium Project from Obeec (Pty) Ltd for ZAR 0.003 million. Collectively, the Vendors hold a 12.54% interest in SPD Vanadium Project. On completion of the acquisition, VR8 will increase its interest in SPD Vanadium Project to 86.49% and the Steelpoortdrift Development Trust will hold an interest of 13.51% of SPD Vanadium Project. The combined interest of the Transactions represents a total interest in VR8 of 4.37% based on the current issued shares of VR8. VR8, in its discretion, confirming that it is satisfied with the ownership position of VanRes once the respective acquisitions have been implemented; Voluntary Restriction Deeds having been executed between VR8 the Vendors providing for 12-month escrow and block trade provisions in relation to VR8 shares acquired in terms of the Share and Option Agreements; consent and waiver notices being received with respect to rights and obligations in terms of an existing shareholders’ agreement prevalent to VanRes; to the extent required, approval of the transaction and transfer of the VanRes Shares held by the Vendor to VR8 by the South African Reserve Bank (SARB); and to the extent required, the Minister of Mineral Resources and Energy of the Republic of South Africa consenting in writing, either unconditionally or on terms and conditions acceptable to VR8. The conditions are to be satisfied or waived by no later than 23 October 2023. VR8 has the right to waive fulfilment of all conditions, except for the approval by the SARB.
Vanadium Resources Limited (ASX:VR8) completed the acquisition of 7.95% stake in SPD Vanadium Project from Obeec (Pty) Ltd on October 19, 2023. All conditions precedent of the sale and option agreement with Obeec (Pty) Ltd has satisfied. VR8 now holds an 81.90% interest in VanRes, Math-pin 4.59% and the Steelpoortdrift Development Trust holds a 13.51% interest. New Risk • Oct 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$31.2m market cap, or US$19.8m). Bekanntmachung • Oct 02
Vanadium Resources Limited, Annual General Meeting, Nov 14, 2023 Vanadium Resources Limited, Annual General Meeting, Nov 14, 2023. Agenda: To consider re-election of certain directors. Bekanntmachung • Aug 23
Vanadium Resources Limited Appoints Tim Feather as Chief Financial Officer Vanadium Resources Limited announced that it has appointed highly experienced financier Tim Feather as Chief Financial Officer. Mr. Feather has over 25 years of experience in corporate finance. Following a law degree at the University of Nottingham, he qualified as a chartered accountant with Deloitte in the UK. In 1995 he moved into corporate finance in the City of London by joining Brown Shipley before leaving to co-found Westhouse Securities, where he was head of corporate finance and specialised in advising and fundraising for mining and oil and gas companies. He joined WH Ireland in 2012 and continued to focus on the resource sector. In 2019, he joined the Sumner Group, a privately held group with interests in mining, healthcare and defence, where he was Business Development Director. He is a non-executive director of Orcadian Energy plc, a North Sea oil development company. Mr. Feather joins VR8's experienced management team, who have been responsible for completing a DFS over the Steelpoortdrift Vanadium Project, that demonstrated outstanding project economics including a post-tax NPV of US$1.2 billion (A$1.9 billion), with robust margins, rapid payback of 27 months and strong IRR of 42% post tax¹. The Company is in the process of transitioning into a mid-tier mining company through the development of its world-class Steelpoortdrift Vanadium Project, located in the world- renowned Bushveld Complex in South Africa. The Company is planning a number of further appointments in the coming months, as it builds out its team to transition the Steelpoortdrift and Tweefontein projects into the next global vanadium producer. Bekanntmachung • May 27
Vanadium Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.914018 million. Vanadium Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.914018 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,763,800
Price\Range: AUD 0.11
Transaction Features: Subsequent Direct Listing Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Michael Davy was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 12
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director John Ciganek was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
